Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $122.73
- 4 Days on Market
- MLS # : 2362829
- Updated Date : 01/23/2021 at 16:19
CONSTRUCTION
- Beds : 3
- Floor Size : 2,200 sqft
- Baths : 2 full , 1 half
Listing Agent
Raleigh Cary Realty Inc.
Listing Agent's Description
Beautiful & well maintained three bedroom home with desirable open floor plan. Main floor offers spacious great room open to stunning kitchen with island, stainless steel appliances and breakfast area. Second floor master suite with walk-in shower and tray ceiling, loft area and two additional bedrooms. Property features screened-in porch and extended patio. Home won yard of the month two times.
SEE MORE
- Raleigh-Durham combined metros' economy is worth over $137 billion in Gross Metro Product and projected to grow to $146 billion in 2019 (USMayors.org, 2018)
- Raleigh-Durham combined metros has 65.3% labor force participation rate higher than the national rate of 62.8% (USMayors.org, 2018)
- #7 Best Big City for Jobs 2018 (Forbes, 2018)
- Raleigh-Durham combined metros contribute to 24.1% of North Carolina's state economy i.e. Gross State Product (USMayors.org, 2018)
- University of North Carolina, Duke University and Davidson University systems drive rental demand
- Major employers in Raleigh area: IBM, Cisco systems, Fidelity Investments, GlaxoSmithKline, RTI International
- One of Top 10 cities for Small Business Friendliness (Thumbtack, 2018)
PRICE & RENT TRENDS
Neighborhood: Churchill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Churchill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$938 |
| Property Tax | -$231 | |
| Property Insurance | -$70 | |
| HOA | -$45 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$278
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$270,000
PROJECTED PRICE
$1,680
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 5.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.49% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,300
LOAN DETAILS
$938
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
10.67
YEARS SAVED
$42,931
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,689
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
1505 Sunday Silence Drive Knightdale, NC 3
- 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 2012
![property image]()
- Rent
- Rent Per SQFT
- $1,680
- $0.76
-
2108 Old Rosebud Drive Knightdale, NC 1
- 3 beds 3 baths ∙ 2,088 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,088 Sqft ∙ Built 2010
![property image]()
LEASED 12/01/19- Rent
- Rent Per SQFT
- $1,650
- $0.79
-
2438 Ferdinand Drive Knightdale, NC 2
- 3 beds 3 baths ∙ 2,396 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,396 Sqft ∙ Built 2008
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.69
-
702 Crosstie Street Knightdale, NC 4
- 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 2008
![property image]()
LEASED 03/05/20- Rent
- Rent Per SQFT
- $1,750
- $0.81
-
2418 Ferdinand Drive Knightdale, NC 5
- 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 2007
![property image]()
LEASED 08/15/19- Rent
- Rent Per SQFT
- $1,795
- $0.78
PROPERTY LISTING DETAILS
1.919.439.0965
Raleigh Cary Realty Inc.
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
MLS #: 2362829
Last Updated: 01/23/2021
